Sterling Corp. reported Q4 and full-year 2023 revenues of $169.4M, a 0.3% YoY decrease, with GAAP net loss decreasing to $3.
Sterling Corp. reported Q4 and full-year 2023 revenues of $169.4M, a 0.3% YoY decrease. Organic growth was 2.8% lower, but inorganic revenue increased by 2.2%. GAAP net loss decreased to $3.4M, and adjusted EBITDA reached $41.9M, a 1.5% YoY increase. The company successfully executed its 2023 goals and long-term strategy, achieving early realization of a $25M annualized cost-saving target.
February 29, 2024
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